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Investor appetite for the pound is fraying as markets brace for years of uncertainty over Britain’s membership of the European Union, analysts warned yesterday.

Britain’s safe-haven status was called into question as the pound suffered its sixth straight day of losses against the euro, falling to its lowest level since April last year at €1.202. It slid to $1.606 against the dollar and to its lowest level since June against a basket of several key currencies.

Chris Turner, the chief currency strategist at ING, said that the declines were being driven in part by questions over the UK’s future in